HMRC Admin 20 Response
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RE: Tax on provident fund
Hi,
You do not need to report it as income but can make reference to it in the comments section.
Thank you. -
RE: Self-assessment - Foreign inocme
Hi,
You can make reference to it in the comments section.
Thank you. -
RE: Uk interest on non domiciled deceased person
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RE: ILR visa feed reimbursed by employer as Benefit In Kind
Hi,
Yes this need to be reported.
Thank you. -
RE: How does tax-free allowance on interest on ISA accounts work?
Hi,
You can save 20k (new deposits) each tax year and any interest earned is tax free.
Thank you. -
RE: Adding work from home expenses to my self-assessment
Hi,
You will show them in the employment page, in there it asks if you want to claim expenses, answer yes and it opens up other boxes for you to complete.
Thank you. -
RE: Advice on late filing by accountant
Hi,
Ultimately, the responsibility for ensuring your returns are filed on time is yours.
The due date for your 22/23 return to be filed was the 31st of January 2024 - as late filing and payment penalties will now be accruing for this return, either file the return yourself or arrange to have it filed with another accountant as soon as possible.
While you are liable for any fines present on your record, if you believe these are the fault of the accountant you hired, you may consider approaching them to discuss who should pay.
You can also appeal the penalties, if you believe they are unfairly or incorrectly applied - just go to Appeal a Self Assessment penalty for late filing or late payment
Thank you.
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RE: Claim a loss on Share dealings account when moved to ISA
Hi,
Please refer to guidance at Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Byuing back the same shares within 30 days
Hi,
Please refer to guidance at Capital Gains Manual CG13350 - Bed and breakfasting: general
Thank you. -
RE: CGT for Transfer of equity and property sale
Hi,
The house can be put up for sale once the legalites of the legal owenership have been completed.
With regards to CGT, your brother will still be liable on the transfer of his share even if the house is not sold as this is not his main home.
He will be liable in the UK as its a UK property but may also be liable in Australia and he should check himself with the Australian tax authorities.
More guidnace is at Report and pay your Capital Gains Tax
Thank you.